Cycling company Rapha, with US headquarters in Portland, sells to Walmart heirs

This pastel shade of pink has become synonymous with the Rapha brand. Here, a Rapha rider grabs a snack. ( , a high-end cycling gear company with its North American headquarters in Portland, has sold a majority stake to RZC Investments, a private equity firm led by Walmart heirs Steuart and Tom Walton. The sale, announced Tuesday, shifts the company’s majority ownership from a group of founder shareholders, including lead…